AMERISAFE (NASDAQ:AMSF) Upgraded at Wall Street Zen

AMERISAFE (NASDAQ:AMSF) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Saturday.

Other analysts also recently issued research reports about the company. Citizens Jmp dropped their target price on AMERISAFE from $60.00 to $55.00 and set a “market outperform” rating for the company in a research report on Friday, January 16th. JMP Securities decreased their price target on shares of AMERISAFE from $65.00 to $60.00 and set a “market outperform” rating on the stock in a research note on Tuesday, October 14th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of AMERISAFE in a research note on Monday, December 29th. Morgan Stanley set a $55.00 target price on shares of AMERISAFE in a research report on Friday, January 16th. Finally, Citigroup reissued a “market outperform” rating on shares of AMERISAFE in a research note on Friday, January 16th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $55.00.

AMERISAFE Stock Up 1.8%

NASDAQ AMSF opened at $37.61 on Friday. The stock’s 50-day simple moving average is $38.47 and its two-hundred day simple moving average is $41.74. AMERISAFE has a twelve month low of $36.23 and a twelve month high of $53.27. The company has a market capitalization of $711.58 million, a price-to-earnings ratio of 14.41 and a beta of 0.36.

AMERISAFE (NASDAQ:AMSF) last posted its quarterly earnings data on Wednesday, October 29th. The insurance provider reported $0.55 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.55. The firm had revenue of $71.29 million during the quarter, compared to analysts’ expectations of $78.29 million. AMERISAFE had a return on equity of 16.94% and a net margin of 16.12%. On average, equities analysts expect that AMERISAFE will post 2.45 earnings per share for the current fiscal year.

Insider Activity at AMERISAFE

In related news, CFO Anastasios Omiridis sold 1,247 shares of the company’s stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $40.21, for a total transaction of $50,141.87. Following the completion of the sale, the chief financial officer directly owned 2,539 shares in the company, valued at $102,093.19. This represents a 32.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.61% of the stock is currently owned by insiders.

Institutional Investors Weigh In On AMERISAFE

A number of large investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC raised its stake in shares of AMERISAFE by 5.1% during the first quarter. AQR Capital Management LLC now owns 83,478 shares of the insurance provider’s stock valued at $4,387,000 after acquiring an additional 4,050 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in AMERISAFE by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,313 shares of the insurance provider’s stock valued at $594,000 after purchasing an additional 471 shares during the period. Goldman Sachs Group Inc. increased its holdings in AMERISAFE by 82.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 217,280 shares of the insurance provider’s stock valued at $11,418,000 after purchasing an additional 98,293 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in AMERISAFE by 8.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 43,118 shares of the insurance provider’s stock valued at $2,266,000 after purchasing an additional 3,435 shares during the last quarter. Finally, Jane Street Group LLC lifted its holdings in AMERISAFE by 106.8% in the 1st quarter. Jane Street Group LLC now owns 29,176 shares of the insurance provider’s stock worth $1,533,000 after buying an additional 15,070 shares during the period. Institutional investors own 97.41% of the company’s stock.

About AMERISAFE

Amerisafe, Inc (NASDAQ: AMSF) is a specialty provider of workers’ compensation insurance products and services in the United States. The company focuses on underwriting and managing workers’ compensation policies for small to mid-sized public and private businesses, particularly in higher-hazard industries such as retail, manufacturing, distribution and wholesale. Through its network of independent agents, Amerisafe delivers tailored coverage solutions that combine robust risk management support with loss prevention programs designed to enhance workplace safety.

In addition to core insurance offerings, Amerisafe provides extensive risk control resources, including safety training, on-site consultations and claims management services.